June 9, 2015

Tyre stocks

One thing I like about tyre stocks is irrespective of how the economy does, these companies have products which have a good demand. Recession or not, tyres need to be replaced every 4-5 years whether you use your car or not.

Similar logic for battery manufacturers ... you can read this post in detail and arrive at your own conclusions for other stocks/ sectors.

APOLLOYTRE: trend is down and will turn bullish on close above 195. Expect more correction below 155

CEAT TYRES: already broken 700 crucial support... next support 460

JK TYRES: trend down; on verge of breaking support. Next support 65.

MRF TYRES: already broken support at 35000; next support 30000.

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